Sprint to cut workforce across the ranks

In an SEC filing, Sprint said it has begun implementing a plan to reduce its workforce over the next five months. The carrier didn’t say how many jobs it would cut, only that they would be across managerial and non-managerial staff and that it would incur severance and restructuring costs around $165 million in its fourth quarter earnings. It’s been six months since Sprint and SoftBank closed their massive investment deal, but Sprint is continuing to struggle.